So i get that once the mortgage is done you are sitting nice with equity and a profit boost, but to make any real money now i feel like you have to flip or wait until mortgage paid or keep buying buildings with 1k a m...
Hi guys,
So I am confused here and need help. I live in the Bay Area and as all you know the prices for housing here is astronomical.
That being said I have done tons of research and have learned that leveraging de...
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...
The thought of partnering up with a homeowner to fix and flip crossed my mind, and wanted to get thoughts on the idea. These would be people with homes that need some work, and are looking to sell. They would get to s...
Good afternoon everyone,I would like to know on average, what is your expected ROI for a Fix and Flip in the Los Angeles County?I know every city is different, and it depends on the project... But in average, what num...
Looking for some thoughts/advice. I recently purchased a home at an auction and am deciding whether to use FHA and living in it for a year or so until I can buy a duplex and move into the duplex then rent it out or ju...
Hello, Why 65% or 70% of ARV? What is factored in that %, because repairs are factored in after you take 70% from the ARV?So if i offer a seller 70% of ARV and they ask why 70% what do I tell them? "Because its rule o...
“We’re still not in a buyer’s market and won’t be until inventory reaches a few months’ supply, but the landscape has changed to be more favorable to buyers,” says Darcy McMurray, broker at Spokane-based 4 Degrees Rea...
I’m a 28 year old married man with a 3 week old son. I’ve lived in my current single family home since 2020. My wife and I are hoping to buy another single family home that is bigger sometime in the next year for our ...
Hi BP,
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example. I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...